IFF Embraces “Do More Good” in 2019 Sustainability Report
25 Juin 2020 - 2:00PM
Business Wire
Regulatory News:
IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), a leading
innovator of taste, scent, and nutrition, today published its 2019
Sustainability Report, “Do More Good.” The title references a
pillar of the Company’s purpose, To redefine how we live in and
care for the resources of our world, which was launched last year
as part of its most significant rebrand in 40 years. The report
highlights IFF’s sustainability accomplishments throughout the
business and covers the Company’s achievements in leveraging
sustainable practices within its global footprint.
Andreas Fibig, IFF Chairman and CEO, said: “The leadership
position that we have taken in sustainability is a reflection of
the passion to do more good that’s been embraced by our people
everywhere at IFF. We credit our customers, partners and suppliers
for the incredible and productive alliances we have forged together
in the service of sustainability. This is not a journey we can – or
want - to take alone. It requires the energy and commitment of
like-minded allies willing to challenge the status quo – and each
other – to do what is ultimately best for people and planet.”
The 2019 report highlights include:
- IFF’s new purpose and Vision 2021 strategy, reflecting the
importance of sustainability as a way of doing business at IFF
- External recognitions for IFF’s sustainability leadership, such
as Barron’s, FTSE4Good, RobecoSAM Industry Mover award, Euronext
Vigeo, and CDP A list
- Continued commitment to climate action, as demonstrated by the
opening of the Union Beach, New Jersey solar array, the signing of
the U.N. Business Ambition for 1.5°C: Our Only Future pledge, and
strong progress against its environmental goals for greenhouse gas
emission reductions (including a decrease in absolute emissions of
5.7% from prior year), and zero waste to landfill and water
stewardship
- Strengthening of IFF’s responsible sourcing program and natural
ingredient supply chains through new certifications, as well as by
accelerating industry-leading blockchain technology as a tool for
ensuring ingredient traceability
- Achieving an industry breakthrough in circular design and
transparency with Henry Rose, a line of fine fragrances founded by
actress Michelle Pfeiffer and created to the strictest
environmental standards as defined by the Environmental Working
Group and the Cradle to Cradle Products Innovation Institute
- External recognitions and certifications for IFF’s diversity
& inclusion leadership, such as DiversityInc., Human Rights
Campaign, EDGE, and the signing of the U.N. Global LGBTI Standards
of Conduct for Business and the U.N. Women’s Empowerment
Principles
- Accelerated the inclusion of legacy Frutarom data, where
available, in response to stakeholder interest and to prepare for
the anticipated merger with DuPont’s Nutrition & Biosciences
business. This process included a significant data collection and
training effort for more than 60 facilities in 27 countries.
Dr. Greg Yep, IFF’s Chief Scientific & Sustainability
Officer, said, “IFF’s sustainability accomplishments are
considerable and meaningful and I must thank our global network of
green teams who are empowered to drive change for IFF and our
communities. As pleased as we are with our results, from external
recognitions to meeting and exceeding our goals, I know I speak for
all of IFF when I confirm our commitment to continually improve and
drive better outcomes, and always seeks ways to live up to our
purpose and do more good.”
To read IFF’s 2019 Sustainability Report, visit iff.com/sustain
and use #SustainxIFF to follow the conversation on its social
channels.
# # #
Welcome to IFF
At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using
Uncommon Sense to create what the world needs. As a collective of
unconventional thinkers and creators, we put science and artistry
to work to create unique and unexpected scents, tastes, experiences
and ingredients for the products our world craves. Learn more at
iff.com, Twitter , Facebook, Instagram, and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200625005417/en/
Michael DeVeau Head of Investor Relations and Communications
212.708.7164 Michael.DeVeau@iff.com